United States Virginia change
Sri Lanka Breaking News
Sri Lanka parliament
vivalankaSri Lanka newsSri Lanka businessSri Lanka sportsSri Lanka technologySri Lanka travelSri Lanka videosSri Lanka eventssinhala newstamil newsSri Lanka business directory
vivalanka advertising
Menu
Stay Connected
facebooktwittermobile
Popular Searches
T20 World Cup
Sponsored Links
Sri Lanka Explorer

Merger to create Myrtle Beach golfing Goliath

Aug 3, 2011 7:10:00 AM - thestate.com
The two largest golf course ownership and management companies on the Grand Strand are merging, creating one of the 15 largest course management companies in the nation and a juggernaut in the area golf market.

Burroughs & Chapin Golf Management and Myrtle Beach National Company have signed a letter of intent to combine their golf assets and become equal partners in a new company that has yet to be named.

Myrtle Beach National currently owns 10 of the 14 courses it manages, while B&C Golf Management, a subsidiary of Burroughs & Chapin Company Inc., owns five of the 10 courses it manages.

“We believe with the strength of this new venture that represents the best of both companies, it will give us some growth opportunities and give us a greater opportunity to get the message out about the golf offerings Myrtle Beach has,” said Jim Apple, B&C president and chief executive officer.

MBN Chief Executive Officer Matthew Brittain said due diligence still has to be done and the merger may not be consummated for “a couple months.”

USA, South Carolina: (Latest Stories)